This Land Property is no longer advertised on LoopNet.com.

Avenue U
Lubbock, TX 79423
10.5 Acres of Vacant Land for Multifamily Use · Land For Sale · 10.46 AC

Investment Highlights

  • Heavy retail area
  • Easy highway access
  • Can support multifamily and SFR developments

Property Facts

Property Type Land
Property Subtype Residential
Proposed Use Multifamily
Total Lot Size 10.46 AC
Cross Streets 82nd St
Zoning A-1 (multifamily)

Description

This is an opportunity to purchase 10.464 acres of vacant land inside the Lubbock city limits. The parcel is currently zoned "A-1" for multifamily development. The site is positioned one mile east of University Avenue, two miles west of U.S. Highway 87, and less than a quarter of a mile south of 82nd Street, which sees an estimated daily volume of over 20,000 vehicles per day. There is approximately 500 feet of frontage on Avenue U. Part of the east side of the parcel is in the flood plain (see photos). The concrete lot is an easement required by the city for fire trucks to be able to turn. This can be incorporated into a parking lot or through-street in the next development.

Property Taxes

Property Taxes

Parcel Number
R301688
Land Assessment
$91,162
Improvements Assessment
$0
Total Assessment
$91,162
  • Listing ID: 24205879

  • Date on Market: 10/1/2021

  • Last Updated:

  • Address: Avenue U, Lubbock, TX 79423

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